How Rising Home Prices Can Help Build Your Family’s Wealth


Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.

So, what does this mean for homeowners and their equity position?

As an example, let’s assume a young couple purchased and closed on a $250,000 home this January. If we only look at the projected increase in the price of that home, how much equity will they earn over the next 5 years?

Since the experts predict that home prices will increase by 5.0% in 2018, the young homeowners will have gained $12,500 in equity in just one year.

Over a five-year period, their equity will increase by over $48,000! This figure does not even take into account their monthly principal mortgage payments. In many cases, home equity is one of the largest portions of a family’s overall net worth.

Not only is homeownership something to be proud of, but it also offers you and your family the ability to build wealth you can borrow against in the future. If you are ready and willing to buy, visit us at hfamiami.com/homebuyers!

This information compliments of Keeping Current Matters.

#Firsttimehomebuyer #investment #Millennials

Stay connected to HFA Miami

Recent Posts

June 22, 2020

Please reload

  • Facebook Social Icon
  • Twitter Social Icon
  • Instagram Social Icon

The Housing Finance Authority of Miami-Dade County is committed to being ADA compliant and is currently updating its website to meet ADA standards. Please contact hfa@hfamiami.com or (305) 594-2518 for any accessibility issues on the website.

© 2017-2020 | Housing Finance Authority of Miami-Dade County